Analysts: Zynga’s Outlook Is Cautiously Optimistic and 3 More Research Notes to Look Into
Zynga (NASDAQ:ZNGA): Piper Jaffray is increasingly optimistic about Zynga’s recovery, although it retains a degree of caution. Channel checks indicated near-term outlook stability in the company’s core business, and traction with mobile launches have convinced Piper to raise its price target from $2.75 to $3.50, while keeping its Neutral rating on the shares.
Mondelez International (NASDAQ:MDLZ): Stifel believes that Mondolez can deliver double-digit EPS growth, following a meeting with Mondolez’s investor relations unit, and added that the company is poised to increase its margins. The firm keeps a Buy rating with a $34 price target.
TiVo (NASDAQ:TIVO): BMO Capital is confident that TiVo’s positive trends will continue, following the company’s higher than expected Q1 EBITDA. The firm expects the positive EBITDA and net add trends to continue over the next several quarters, and reiterates an Outperform rating.
Urban Outfitters (NASDAQ:URBN): Janney Capital has put Urban Outfitters on its list of Best Ideas, noting that comparable store sales are running at 9 percent up for the quarter-to-date.
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